Top movers | NKLA New COO; AVGR Launch New Product; RKLB Launch Failed

1. $Nikola Corporation(NKLA)$ Surges 33.61% on New COO Appointment and Positive Outlook

Nikola's stock has seen positive momentum following the appointment of Mary Chan as COO and CEO Steve Girsky's communication with investors.

Mary Chan has a background in companies like General Motors and Dell Technologies, with experience in building connected infotainment products and data services.

This comes after concerns over a major recall of battery-electric trucks. Chan's experience and Girsky's updates on the recall fix and upcoming hydrogen fuel cell truck shipments have boosted investor confidence.

2. $Avinger(AVGR)$ Skyrockets 46.80% on Tigereye ST Product Launch

Avinger is a microcap pharmaceutical device manufacturer specializing in treating peripheral artery disease (PAD) with its lumivascular platform.

Avinger stock saw a 46.8% surge in a single day, with a peak rise near 100% before retreating. This dramatic increase followed the full commercial launch of its Tigereye ST next-generation image-guided chronic total occlusion (CTO) crossing system.

3. $Rocket Lab USA, Inc.(RKLB)$ Plummets 22.02 % on First Launch Failure in Two Years, Postpones 42nd Electron Mission

Rocket Lab's stock plummeted by up to 26% in premarket trading after the company's first launch failure in over two years.

The failed launch involved the 41st Electron rocket carrying Capella Space's Acadia 2 satellite. Rocket Lab is collaborating with the FAA to investigate the issue, which occurred approximately 2 minutes and 30 seconds into the flight.

The company's 42nd Electron mission, originally slated for Q3, is postponed as Rocket Lab resolves the launch failure, leading to revised Q3 revenue guidance.